528

LAWS OF MARYLAND.

mixed, as may be obtained with the moneys aforesaid, and also
with any, every and all other funds that may come into its
possession in course of its business dealings, and the same may
eell, grant, lease, mortgage and dispose of, in its discretion and
at its will and pleasure, and execute, acknowledge and deliver
all deeds and legal papers and any instruments concerning the
same; to deal in exchange, foreign and domestic, and in every
and all description of properties, personal effects, securities,
mortgages, lands, certificates of indebtedness, stocks of incor-
porated companies, notes, loans or bonds of the United States
or of any city, county or municipality, or of any incorporated
company or individual; provided, that no loan shall be made
to any salaried officer or employee of said corporation; and for
any violation of this provision, the party or parties making or
consenting thereto, directly or indirectly, shall be liable to said
corporation for the amount so loaned, and all expenses and
losses which may result therefrom.

Misapplica-
tion of
deposits by
employees.

SEC. 16. And be it further enacted, That any officer or
employee of said corporation who shall apply any of the
deposits of any kind of said corporation to his use, or to the
use of any person or persons not entitled thereto, without the
consent of the owner of such deposits, shall be deemed guilty
of embezzlement, and upon conviction thereof shall be pun-
ished by imprisonment in the State prison for a term of not
less than one nor more than five years, and shall be responsible
in any suit in law for all injury, loss, expense or damage in-
curred by reason of his prosecution or in consequence of said
act, either to said corporation or to any party aggrieved, dam-
aged or injured thereby.

May act as
arbitrator.

SEC. 17. And be it further enacted, That said corporation
shall have power and authority to provide rules, regulations,
by-laws or otherwise for, and determine all matters of arbitra-
ment or award referred or submitted to it by order of any
court, or agreement of parties in interest whatsoever, upon such
terms as may be agreed upon, provided or established by said
courts or said parties; provided, however, that the said Equit-
able Trust Company of Baltimore County shall be subject at
all times to the provisions of the act of 1892, chapter 109, and
of the acts of 1892, chapter 279.

Repeal.

SEC. 18. And be it further enacted, That all acts or parts of
acts inconsistent with the above act, be and the same are hereby
repealed.

Effective.

SEC. 19. And be it enacted, That this act shall take effect
from the date of its passage.
Approved April 4th, 1896.